Impact of Product Mix on Operating Profit
First written in FY2017-Q1. 6 of 14 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2022-Q2.
Togami Electric Mfg. moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2022-Q2DroppedAnnual report
「In terms of profit and loss, soaring raw-material prices and difficulties procuring electronic components, including semiconductors, affected the production and sales of some products. Operating profit was ¥362 million, down 41.2% year on year, and ordinary profit was ¥481 million, down 33.2%.」
There was no specific reference to the impact on earnings from the previous product mix. The factors cited for the current decline in profit were soaring raw-material prices and difficulties procuring electronic components. - FY2022-Q1WorsenedAnnual report
「In terms of profit and loss, in addition to lower sales of automatic sectionalizing switches for distribution networks, the impact of the product mix resulted in operating profit of ¥194 million, down 44.5% year on year, and ordinary profit of ¥251 million, down 34.0%. Net profit attributable to owners of the parent was ¥174 million, down 35.6%.」
In addition to lower sales of automatic sectionalizing switches for distribution networks, the impact of the product mix caused operating profit to decline 44.5% year on year and ordinary profit to decline 34.0%. - FY2020WorsenedAnnual report
「In terms of profit and loss, the Company promoted thorough cost reductions and worked to strengthen its earnings base by optimizing its production system, but operating profit was ¥1,548 million, down 10.3% year on year, and ordinary profit was ¥1,695 million, down 10.2%, partly due to the impact of the product mix and other factors.」
Although the Company advanced cost reductions and optimized its production system, operating profit and ordinary profit declined year on year over the full fiscal year due to the impact of the product mix and other factors. - FY2019MitigatedAnnual report
「However, the Company was unable to avoid the effects of lower capacity utilization resulting from the decline in net sales, soaring raw-material prices and changes in the product mix. Operating profit was ¥1,725 million, down 11.7% year on year, and ordinary profit was ¥1,887 million, down 7.9%.」
Although factors reducing profit, including the product mix, remained, the decline in operating profit narrowed to 11.7% year on year from 40.6% in the immediately preceding quarter. - FY2019-Q3MitigatedAnnual report
「In terms of profit and loss, the Company promoted thorough cost reductions and worked to secure earnings by reorganizing and strengthening its production system, including the electronic controller plant that began full-scale operations in February 2018. However, operating profit was ¥944 million, down 40.6% year on year, and ordinary profit was ¥1,022 million, down 38.0%, due to lower capacity utilization resulting from the decline in net sales and the impact of changes in the product mix.」
Although profit declines due to lower capacity utilization and changes in the product mix continued, the decline narrowed to 40.6% year on year for operating profit and 38.0% for ordinary profit, compared with declines of 55.8% and 50.3%, respectively, in the previous quarter. - FY2019-Q2WorsenedAnnual report
「In terms of profit and loss, the Company promoted thorough cost reductions and worked to secure earnings by reorganizing and strengthening its production system, including the electronic controller plant that began full-scale operations in February 2018. However, operating profit was ¥469 million, down 55.8% year on year, and ordinary profit was ¥547 million, down 50.3%, due to lower capacity utilization resulting from the decline in net sales and the impact of changes in the product mix.」
Although the Company worked to reduce costs and reorganize and strengthen its production system, operating profit declined 55.8% year on year and ordinary profit declined 50.3% due to lower capacity utilization and changes in the product mix. - FY2019-Q1WorsenedAnnual report
「In terms of profit and loss, the Company promoted thorough cost reductions and worked to secure earnings by reorganizing and strengthening its production system, including the electronic controller plant that began operations in February 2018. However, due to lower capacity utilization resulting from the decline in net sales and the impact of changes in the product mix, operating profit was ¥255 million, down 48.4% year on year, and ordinary profit was ¥302 million, down 41.7%.」
Although the Company worked to reduce costs and reorganize and strengthen its production system, operating profit declined 48.4% and ordinary profit declined 41.7% due to lower capacity utilization and changes in the product mix. - FY2018WorsenedAnnual report
「In terms of profit and loss, the Company worked to secure earnings by promoting cost reductions and improving operating efficiency, including restructuring its production system, but these efforts did not fully offset the impact of the product mix and other factors. Operating profit was ¥1,955 million, down 29.9% year on year, and ordinary profit was ¥2,049 million, down 28.9%.」
Profit declines due to the product mix and other factors occurred over the full fiscal year, with operating profit down 29.9% and ordinary profit down 28.9%. - FY2018-Q3WorsenedAnnual report
「In terms of profit and loss, the Company continued to work to secure earnings by reducing costs and improving operating efficiency, but operating profit was ¥1,589 million, down 25.6% year on year, and ordinary profit was ¥1,649 million, down 24.9%, due to the decline in net sales and the impact of the product mix and other factors.」
Profit declines due to the product mix and other factors continued, with operating profit down 25.6% year on year and ordinary profit down 24.9%. The declines widened from the previous quarter, when operating profit was down 21.4% and ordinary profit was down 17.8%. - FY2018-Q2MaterialisedAnnual report
「In terms of profit and loss, the Company worked to secure earnings by reducing costs and improving operating efficiency, but operating profit was ¥1,062 million, down 21.4% year on year, and ordinary profit was ¥1,101 million, down 17.8%, due to the decline in net sales and the impact of the product mix and other factors.」
Operating profit and ordinary profit declined year on year during the current quarter due to the impact of the product mix and other factors. - FY2018-Q1MaterialisedAnnual report
「In terms of profit and loss, operating profit was ¥494 million, down 33.9% year on year, and ordinary profit was ¥518 million, down 29.4%, due to the impact of the product mix and other factors.」
Operating profit and ordinary profit declined year on year during the current quarter due to the impact of the product mix and other factors. - FY2017MaterialisedAnnual report
「In terms of profit and loss, although net sales remained firm, operating profit was ¥2,787 million, down 13.5% year on year, and ordinary profit was ¥2,880 million, down 10.7%, due to the impact of the product mix and other factors.」
Despite an increase in net sales, operating profit and ordinary profit declined year on year due to the impact of the product mix and other factors during the full fiscal year. - FY2017-Q3DroppedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing's performance analysis no longer contains a specific reference to the impact of the product mix on operating profit. - FY2017-Q1First statedAnnual report
「In terms of profit and loss, although net sales remained firm, operating profit was ¥748 million, down 0.7% year on year, due to the impact of the product mix and other factors.」
It was stated that operating profit declined year on year due to the impact of the product mix and other factors, despite an increase in net sales.